Questioned by market regulator Consob about news of a possible sale of Edison's stake in Delmi to Edf, A2A has announced that “concerning press rumors of company changes in the proprietary setup of Edison SpA, A2A ... no operation is currently being examined by the competent offices of the company”. ...
03/04/2010 | Natural Gas - Lng - Lpg |
New rates for gas storage will not come into effect as planned on April 1, but on Jan. 1, 2011, inaugurating a switch from thermal to solar years for the authority's setting of rates, as per ruling ARG/gas 21/10. That means current rates will continue through 2010. ...
03/04/2010 | Natural Gas - Lng - Lpg |
To receive payment for the quotas owed for the production of gaseous hydrocarbons obtained in 2009, those holding concessions can determine the unitary value of the quota – to be paid under art. 19, paragraph 5-bis of legislative decree n. 625/1996 – with the arithmetical average of the quarterly va ...
03/04/2010 | Oil Market |
The Api refinery of Falconara is not going to be shut down. In an interview granted to Il Sole24Ore, Api-Ip chairman Ugo Brachetti Peretti declared that “ours is certainly among the plants risking closure”. As for the 92 employees to be let go
(see SN n. 41 2009), he responded that “in seventy years of history there was never the necessity of adopting such radical solutions. T ...
03/04/2010 | Electricity |
On April 1, Terna is to become the sole manager in assigning transmission rights in both directions for the Italy-France interconnection. Terna has confirmed that Rte will continue to conduct the auctions until March 31, and after that date will remain responsible for scheduling in France. The detai ...
03/04/2010 | Exploration & Production |
A Kazakhstan court has inflicted a $21mn fine on the international consortium KPO – of which Eni is operator with a 32.5% stake along with British Gas, and of which Chevron and Lukoil are also partners. KPO is developing the Karachaganak oil and gas field. The Kazakh government and the Karachaganak ...
Only one or two years ago the idea of Eni giving up any of its transportation or storage activities would have seemed a fantasy. But many things have changed recently, and even if the timing is not clear, the decision appears to have been made: Eni will reduce its stake in Snam Rete Gas to 20-30%. S ...
Terna has announced results of the competition for the new interruptible power allocations provided for in the “save-Alcoa” decree 3/10 to reduce costs of industries in the major islands. In Sardinia, a total of 296 MW out of 500 were allocated at the maximum price of 300,000 euros/year/MW). Alcoa a ...
03/04/2010 | Exploration & Production |
Iraq's oil minister has agreed with foreign oil companies on the initial production levels of the oil fields of West Qurna Fase-1 and Zubair. The agreement with Exxon Mobil and Royal Dutch Shell was to set basic production at West Qurna Phase-1 at 244,000 barrels a day. Dhiya Jaafar, head of the Sou ...
03/04/2010 | Environment |
The oil lost from the tanks of the former refinery of Villasanta are thought to have amounted to 3.5mn liters according to environment undersecretary Roberto Menia, speaking to the chamber of deputies on measures adopted to deal with the pollution of the Lambro and Po rivers. Menia confirmed that un ...
Saras ended 2009 with a net adjusted loss of 54.5bn euros compared to the 2008 profit of 327.2mn. The company reports that group Ebitda was 345.5mn (+35%), and comparable Ebitda was 141.2mnn (-79%). Net reported profit was 72.6mn (+17%). Refining margins after variable costs dropped to $1.8 a barre ...
Eni R&M director general Angelo Caridi, who has held the position since August 2007, is about to retire, and Staffetta has learned that the person in pole position to succeed him is his deputy Angelo Fanelli, currently commercial director. The appointment should be made by Eni's board at their meeti ...
An Italian has been named the first foreign Ceo of a Russian power company. The daily paper Kommersant reports that the imminent reorganization of the genco Ogk-5 controlled by Enel, includes the replacement in April of current director general Anatoli Kopsov with Enrico Viale, currently deputy chai ...
03/04/2010 | Electricity |
Ansaldo Energia is one of five companies which presented a bid for construction of a natural gas-fired power plant in Haripur, Bangladesh. The Daily Star of Dacca reports that the project promoted by the Bangladesh power company Egcb entails building a 360 MW plant for close to 174mn euros. Other co ...
The battle between Unicredit and Italpetroli, the holding company of the Sensi family which owns storage facilities in Civitavecchia and has control of As Roma, has started up again. Last week's shareholder meeting convoked to approve the 2009 financial statement should have served to illuminate som ...